Ennis, Inc. (NYSE:EBF) Sees Significant Growth in Short Interest

Ennis, Inc. (NYSE:EBF) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 568,200 shares, an increase of 7.8% from the May 31st total of 526,900 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average trading volume of 96,200 shares, the days-to-cover ratio is currently 5.9 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Ennis from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th.

Ennis Stock Performance

EBF stock opened at $21.66 on Thursday. The stock has a fifty day moving average of $20.96 and a 200-day moving average of $20.63. Ennis has a fifty-two week low of $18.88 and a fifty-two week high of $23.17. The company has a market capitalization of $562.73 million, a price-to-earnings ratio of 13.54 and a beta of 0.41.

Ennis (NYSE:EBF) last posted its earnings results on Monday, June 17th. The industrial products company reported $0.41 earnings per share for the quarter. The firm had revenue of $103.11 million during the quarter. Ennis had a net margin of 10.11% and a return on equity of 11.94%.

Ennis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 5th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Friday, July 5th. Ennis’s dividend payout ratio (DPR) is presently 62.50%.

Institutional Trading of Ennis

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in shares of Ennis by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 813,778 shares of the industrial products company’s stock valued at $17,830,000 after buying an additional 53,211 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Ennis by 0.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,604,039 shares of the industrial products company’s stock worth $35,144,000 after purchasing an additional 6,865 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Ennis by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,830,941 shares of the industrial products company’s stock valued at $38,853,000 after purchasing an additional 13,258 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Ennis by 11.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 61,646 shares of the industrial products company’s stock worth $1,264,000 after buying an additional 6,139 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Ennis by 101.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,343 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 3,199 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors.

About Ennis

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.